DoubleLine Income Solutions Fund (NYSE:DSL) Short Interest Update

DoubleLine Income Solutions Fund (NYSE:DSL) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 657,900 shares, an increase of 6.4% from the September 30th total of 618,400 shares. Based on an average trading volume of 361,600 shares, the short-interest ratio is currently 1.8 days.

DoubleLine Income Solutions Fund Price Performance

NYSE:DSL traded up $0.16 during mid-day trading on Friday, hitting $12.71. 991,750 shares of the company’s stock traded hands, compared to its average volume of 395,291. The firm has a 50 day moving average of $12.86 and a two-hundred day moving average of $12.64. DoubleLine Income Solutions Fund has a 12 month low of $11.24 and a 12 month high of $13.24.

DoubleLine Income Solutions Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, October 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.39%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its stake in DoubleLine Income Solutions Fund by 37.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 818,724 shares of the company’s stock valued at $10,250,000 after buying an additional 221,407 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of DoubleLine Income Solutions Fund by 500.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 247,111 shares of the company’s stock worth $3,138,000 after purchasing an additional 205,923 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of DoubleLine Income Solutions Fund in the 1st quarter worth about $2,159,000. International Assets Investment Management LLC acquired a new stake in shares of DoubleLine Income Solutions Fund during the 3rd quarter worth about $2,138,000. Finally, Golden State Equity Partners bought a new position in DoubleLine Income Solutions Fund during the 2nd quarter valued at about $1,988,000.

DoubleLine Income Solutions Fund Company Profile

DoubleLine Funds – DoubleLine Income Solutions Fund is a closed end fixed income mutual fund launched and managed by DoubleLine Capital LP. The fund invests in fixed income markets across the globe. It primarily invests in debt securities issued by domestic or foreign corporate or other issuers, obligations of foreign sovereigns or their agencies or instrumentalities, mortgage-backed securities, hybrid REIT securities that trade on an exchange, bank loans, municipal securities, and other debt securities issued by states or local governments and their agencies, authorities, and other government-sponsored enterprises.